ABN Amro limiting loans on rough diamonds
Amsterdam-based bank ABN Amro sent a letter to some of its diamond clients stating that it will no longer finance rough purchases where there is not “sufficient profitability,” JCK has learned.
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GIA cuts prices 10% amid market slowdown
The Gemological Institute of America (GIA) has temporarily reduced grading fees for certain smaller diamonds after recording a drop in submissions during the recent industry slump.
Marlon Brando’s Rolex from ‘Apocalypse Now’ up for auction
Another watch from the archive of films featuring Academy Award winner Marlon Brando will be up for auction this winter.
New Forevermark ad takes an “honest” look at marriage
Forevermark’s new marketing campaign, “I Take You, Until Forever,” which debuts the week of the 8th July, is meant to take an “honest” and “modern” look at love and relationships, said the De Beers–owned brand.
Gucci grows a garden for its first high jewelry collection
Kering-owned fashion brand Gucci just marked a milestone, releasing its first high jewelry collection.
Tiffany to open exhibition in Shanghai this fall
Tiffany & Co. is opening an exhibition in Shanghai this fall showcasing some of the most iconic pieces and moments in the brand’s history.
De Beers Group progresses pioneering ‘Moving Giants’ elephant conservation initiative in Africa
Press release – De Beers Group announced today that the second translocation of elephants from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to Zinave National Park in Mozambique has taken place.
De Beers launches three-year programme for female engineers
De Beers said on Monday it had launched a three-year partnership with Women in Engineering (WomEng), consumer goods company Unilever and professional services firm EY to develop the next generation of highly skilled female engineers.
JCK lab-grown section shows rising demand
At JCK Las Vegas, lab-grown-diamond exhibitors have mushroomed nearly as much as opinions about the stones themselves. To accommodate growing market needs, organizers debuted the Lab-Grown Diamond Neighborhood at the 2018 edition of the trade fair.
Will gemologists survive automation?
Amid the tech boom that is shaping the diamond industry, a growing number of companies are challenging the grading laboratories, arguing that assessing the 4Cs should not be a subjective science.
Harris Poll: young Americans do not place a high value on engagement rings
A survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade showed these findings
Rough prices set for slump – analyst
Rough-diamond prices are likely to fall 5% this year as weakness in the industry continues, Panmure Gordon analyst Kieron Hodgson has predicted.
